$5,908

Avg. Federal Grant

$7,633

Avg. Federal Loan

$8,998,105

Total Aid Awarded

AI Miami International University of Art and Design Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

92%

Total Aid Amount Average Total Aid Awarded per year.

$8.998M

Financial Aid Official Website

www.artinstitutes.edu/financial-aid

Notably, 87% of the students at AI Miami International University of Art and Design get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $4,920,362. Notably, a total of 59% of the applicants to AI Miami International University of Art and Design receive the Federal Grant every year. Meanwhile, 83% of the applicants receive the Student Grant and 61% are awarded the Institution Grant, while 57% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,917, the State Grant receivers and Institution Grant beneficiaries get $3,050 and $2,473, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,364. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 63% of the applicants to AI Miami International University of Art and Design opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

62%

State Grant Aid

47%

Institution Grant Aid

83%

Pell Grant

61%

Average Aid Awarded

Federal Grant Aid

$5,908

State Grant Aid

$2,742

Institution Grant Aid

$2,274

Pell Grant

$5,305

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$9,843

$30,001 - $48,000

$9,771

$48,001 - $75,000

$6,421

$75,001 - $110,000

$7,025

Over $110,000

$3,482

Student Loans for AI Miami International University of Art and Design

Average Loan Amount Average Loan Amount received per year.

$7,633/Year

Students Taking Out Loans

65%

Loan Default Rate

11.3%

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